AP: If you elect Republicans, there goes our precious recovery, ‘or something’

HotAir.com | AP

Until now, the Associated Press has actually done a credible job on economic reporting — but then again, this is a political analysis, not economic reporting, and it shows.  Paul Wiseman asserts that electing Republicans in the House will extend the current economic stagnation, thanks to increased uncertainty about regulation and tax policy.  Somehow that will risk our current miserable “recovery,” which we have because of uncertainty introduced by Democrats.

Huh?

A standoff between the Obama administration and emboldened Republicans will probably block any new help for an economy squeezed by slow growth and high unemployment. Congress might also create paralyzing uncertainty for investors and businesses by fighting over taxes, deficits, health care and financial regulation.

“We expect massive gridlock and little cooperation,” writes Brian Gardner, Washington analyst for the financial firm Keefe, Bruyette & Woods.

If times were good, gridlock wouldn’t matter so much. A Republican Congress and Democratic White House butted heads in the mid- and late ’90s, after all, and their sparring did nothing to derail a strong economy.

But now, nearly a year and a half after the official end of the Great Recession, the economy still isn’t growing fast enough to bring down unemployment, which is stuck at 9.6 percent.

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November 2, 2010 | Categories: Agency Regulation, America's Freedoms, Cap and Tax, Cloward and Piven Strategy, Constitution, Corruption in Government, Elections Politics, Financial Sector, Foreign Policy, Government, Liberals Big Spending and Taxes, Media Corruption, Middle East Affairs, Most Americans Reject Socialism, National Debt, New Media News, Political Contests, Politics, Poll Numbers, Progressives pushing for Marxism/Socialism, Radical Liberal Progressive Left, Recovery, Smaller Government, Tea Party Conservatives, The Economy, The Environment, Unfunded Union Pensions, UNIONS ACORN and SEIU, VOTER FRAUD, War on Terror | Tags: Bruyette & Woods, Democrats, economy and jobs, failed stimulus, House and Senate, investors, JWF, Keefe, mid-term elections, Obamanomics, precious recovery, Republicans, unemployment, WH | 1 Comment »